Market Overview<\/strong> Fed Cut Provides Underpinning, Dollar Limits Upside<\/strong> Chair Jerome Powell<\/strong> described the move as a \u201crisk-management\u201d decision, citing rising unemployment risks and a cooling labor market. While this boosted gold earlier in the week, prices eased in the last two sessions as the U.S. dollar rebounded from three-year lows<\/strong>, trimming some of bullion\u2019s gains. The U.S. Dollar Index rose 0.1%<\/strong> on Friday after stronger rebounds earlier in the week.<\/p>\n\n\n\n Geopolitical and Monetary Backdrop<\/strong> Despite recent pullbacks, gold has still surged nearly 39% year-to-date<\/strong>, driven by Fed easing expectations, geopolitical risks, and strong central bank purchases.<\/p>\n\n\n\n Metals Complex Performance<\/strong><\/p>\n\n\n\n Market OverviewGold prices traded modestly higher in Asian trading on Friday, remaining close to record peaks and on track for a fifth straight weekly gain. Spot gold rose 0.2% to $3,650.14 per ounce, while U.S. gold futures for December delivery added 0.2% to $3,683.70. The metal had touched a historic high of $3,707.40 earlier in …<\/p>\n","protected":false},"author":9,"featured_media":116449,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,36],"tags":[6874],"class_list":["post-119025","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-market-updates","tag-gold"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=119025"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119025\/revisions"}],"predecessor-version":[{"id":119026,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/119025\/revisions\/119026"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/116449"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=119025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=119025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=119025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
Gold prices traded modestly higher in Asian trading on Friday, remaining close to record peaks and on track for a fifth straight weekly gain. Spot gold rose 0.2% to $3,650.14 per ounce<\/strong>, while U.S. gold futures for December delivery added 0.2% to $3,683.70<\/strong>. The metal had touched a historic high of $3,707.40<\/strong> earlier in the week before retreating as the U.S. dollar rebounded.<\/p>\n\n\n\n
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The Federal Reserve lowered its benchmark rate to 4.00%\u20134.25%<\/strong> on Wednesday, the first reduction since December, cementing expectations that easier monetary policy would support gold demand. Updated projections showed two additional cuts likely this year<\/strong>, though only one in 2026, signaling a more cautious long-term stance.<\/p>\n\n\n\n
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Beyond the Fed, investor attention also focused on the Bank of Japan<\/strong>, which held rates steady at 0.5%<\/strong> while navigating political uncertainty and U.S. tariff headwinds. Global uncertainty, combined with questions over central bank independence in the U.S., has kept safe-haven demand for gold elevated this year.<\/p>\n\n\n\n
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